NEWS

Hospitality development company Tomu leases 15,000 square feet, and healthcare technology firm Pycube signs a lease for 43,750 square feet of space. Hagerstown, MD (September 21, 2023) – Lee & Associates of Eastern Pennsylvania has brokered two new leases at New Heights Industrial Park, a 900,000 square foot commercial office and industrial park in Hagerstown, Maryland, for a combined 60,000 square feet of space. The development, located at 18450 Showalter Road, is owned and managed…

PHILADELPHIA REGION SNAPSHOT 5.43% Vacancy 605,126,017 SF Standing Stock 5,987,667 SF Net Absorption 28,358,851 SF Under Construction     As expected, both Vacancy and Availability continued an upward trend in the wake of 14.2 MSF of newly delivered buildings, including nearly 8.9 MSF of unleased space. The effects were muted by 6.0 MSF of positive Net Absorption, including new I.0 MSF+ occupancies by Lowe’s, Jillamy, Amazon.com, and UNFI. Rolling Construction levels continued a 5-quarter decline…

DWIGHT HOTCHKISS NAMED EXECUTIVE MANAGING DIRECTOR AND COO OF LEE & ASSOCIATES OF EASTERN AND WESTERN PENNSYLVANIA Formerly President of Lee & Associates of Riverside, California, executive brings more than 33 years of diversified commercial real estate brokerage expertise.     Philadelphia, PA (July 11, 2023) – Dwight Hotchkiss, SIOR has been hired by Lee & Associates of Eastern Pennsylvania as its new Executive Managing Director and Chief Operating Officer. Formerly President of the Lee & Associates…

Left to Right: Ross Langford, Paul Fedorko, Morgan Schultz, Significant acquisitions greatly advance the Lee & Associates continued strategic growth. June 26, 2023 (Pennsylvania) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, proudly announces that Paul J. Fedorko has transitioned his industry-leading Capital Markets team from CBRE to Lee & Associates. Mr. Fedorko holds 25 years of experience that includes over 4 Billion dollars in transaction volume. Mr. Fedorko…

    Left to Right: Francesco Sergio, Amy Broadhurst, SIOR, CCIM, Caroline Muse   Pittsburgh Expansion Marks the Third Office in the Commonwealth of Pennsylvania April 4, 2023 (PITTSBURGH, PA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of their new Western Pennsylvania office in Pittsburgh. The office will initially specialize in office and industrial leasing and sales, with additional capabilities in debt and equity origination….

PHILADELPHIA REGION SNAPSHOT 3.24% Vacancy 581,978,333 SF Standing Stock 10,507,353 SF Net Absorption 45,201,605 Under Construction Overall, the Philadelphia Region continues to be one of the strongest markets in the country. Vacancy increased 80 bps to 3.24%, reflecting a combination of new Construction Deliveries (15.3 MSF), Net Absorption (10.3 MSF), and some newly vacant second-generation space (836,000 SF). Rolling Construction levels are off 10% for the 2nd straight quarter, down 10.9 MSF from their Q2’22…

  Montgomery County, PA – The Capital Markets Group, headed by Bob Yoshimura and Joe Hill from Lee & Associates of Eastern Pennsylvania (“LAEP”), arranged the sale of a 110-acre, industrially zoned land site located off the Sanatoga exit of Route 422 in Limerick, Pennsylvania. Eric Mattson and Connor Sanbower from the Lee & Associates Capital Markets group assisted in representing the Seller, Metropolitan Commercial Development. The Buyer, an undisclosed investment group, is pursuing development…

When it comes to reducing employee absenteeism, promoting health and wellbeing and boosting workplace productivity, having an effective office space is key. Factors like layout, lighting, furniture and technology can make all the difference. Discover the impact of office design on employee performance and how you can create a better work environment overall. Types of Office Design Trends Certain office layouts are better suited for some industries and work environments than others. Let’s look at…

Lehigh Valley, PA August 26, 2022 – Lee & Associates of Eastern Pennsylvania principals Kim Jacobsen and Lee Fittipaldi represented the landlord, INDUS Realty Trust. Inc. (“INDUS”), in the full-lease up of 4741 Chapmans Road, a newly completed 102,250 square foot industrial facility in South Whitehall Township, PA. The building delivered in June with 67,750 square feet pre-leased. The team completed the remaining 34,500 square foot lease within 30 days of the building’s completion. The building offers…